Extent of Brexit impact on City of London revealed ...News

The mayor of London’s financial district has told Reuters the area has lost tens of thousands of jobs since 2016 The City of London, the historical financial district within the British capital, has lost around 40,000 jobs since the country left the European Union in 2016, the local mayor has told Reuters. Michael Mainelli described Brexit as a “disaster.” British voters opted to leave the EU by a narrow margin of 52% to 48% back in 2016, and the divorce was finalized in January 2020. In February, Bloomberg – citing economists from Goldman Sachs – estimated that the departure has cost the UK about 5% of real GDP c

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